Renewables

EPCG is looking for EUR 70 million loan to finance rooftop solar power plants

montenegro solari 5,000 epcg public call banks

Foto: EPCG

Published

December 29, 2022

Country

Comments

0

Share

Published:

December 29, 2022

Country:

Comments:

0

Share

State-owned power company Elektroprivreda Crne Gore (EPCG) intends to borrow EUR 70 million to finance the Solari 5,000 + project. The program will secure the installation of rooftop solar power plants for another 5,000 households, legal entities and residential communities.

EPCG has published an international public call for the selection of domestic and foreign financial institutions for the financing of the Solari 5,000+ project.

Funds for the implementation of the Solari 5,000+ project will be provided by loan of EUR 70 million through negotiations with financial institutions. Banks can offer the total amount or at least EUR 10 million each.

The public call was designed to ensure the maximum possible amount of grants is secured

The subject of negotiations will be the grant, terms and loan repayment period, interest rate and grace period, said EPCG.

All domestic and international financial institutions are eligible to apply, and the deadline for submission of bids is January 31, 2023.

According to EPCG, the public call was designed to ensure the maximum possible amount of grants is secured, given that European and world banks are allocating significant funds for financing green projects.

The company intends to secure financing which enables the consumers to repay the investment in monthly installments lower or equal to their current monthly bills, the public call reads.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

EU key energy market reforms coming into force

EU’s key energy market reforms coming into force

22 May 2024 - The EU enacted electricity and gas market reforms and a framework to boost the development of hydrogen and other decarbonized gases

energy-intensive-industries-serbia-CBAM

Serbia’s energy-intensive industries brace for CBAM, seek state support to apply decarbonization solutions

22 May 2024 - Companies in Serbia are not afraid of decarbonization and CBAM, but are worried the state does not recognize what needs to be done to help the affected industries

Serbian industry Messer Tehnogas decarbonization Mirjana Jukic Belgrade Energy Forum

Serbian industry leader Messer Tehnogas preparing decarbonization investments

21 May 2024 - Messer Tehnogas, the main gases producer in Serbia, is looking to cover a large part of its electricity needs with photovoltaics

Romania starts work on energy communities legislation

Romania starts work on energy communities legislation

21 May 2024 - Romanian citizens will have the right to get electricity at lower prices via energy communities, Minister of Energy Sebastian Burduja said